Wind farm projects drive foreign direct investmentStaff writer, with CNAGovernment-approved foreign direct investment (FDI) in the first seven months of this year rose by more than 200 percent from a year earlier, due to investment pledges by offshore wind power developers. Approved FDI totaled US$9.69 billion over the period, up 201.84 percent from a year earlier, while the number of approved FDI applications fell 7.04 percent from a year earlier to 1,426, Investment Commission figures showed on Monday. Photo courtesy of Formosa II Wind Power CoDuring the period, the commission issued approved an application by Denmark’s Orsted Wind Power TW Holding A/S to invest NT$93.66 billion (US$3.09 billion) in offshore wind projects in Taiwan. The value of Taiwan’s approved foreign-bound investments in the first seven months fell 33.89 percent from a year earlier to US$5.02 billion. The commission approved US$2.25 billion of investment bound for policy countries, down 55.71 percent from a year earlier, with Singapore, Australia and Vietnam the major destinations.
